Gator Capital Management LLC Increases Stock Holdings in U.S. Global Investors, Inc. $GROW

Gator Capital Management LLC increased its stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) by 5.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 684,223 shares of the asset manager’s stock after acquiring an additional 35,472 shares during the period. Gator Capital Management LLC owned approximately 0.05% of U.S. Global Investors worth $1,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. J. W. Coons Advisors LLC purchased a new stake in shares of U.S. Global Investors during the second quarter valued at approximately $95,000. Kanen Wealth Management LLC acquired a new stake in U.S. Global Investors during the 2nd quarter valued at $1,179,000. Finally, Samalin Investment Counsel LLC increased its stake in U.S. Global Investors by 93.9% during the 1st quarter. Samalin Investment Counsel LLC now owns 32,373 shares of the asset manager’s stock worth $73,000 after buying an additional 15,673 shares during the period. Hedge funds and other institutional investors own 23.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of U.S. Global Investors in a research report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

U.S. Global Investors Price Performance

Shares of GROW stock opened at $2.55 on Friday. The firm has a fifty day moving average of $2.54 and a two-hundred day moving average of $2.45. The firm has a market cap of $33.04 million, a P/E ratio of -63.73 and a beta of 1.13. U.S. Global Investors, Inc. has a 1-year low of $2.02 and a 1-year high of $2.78.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Wednesday, November 12th. The asset manager reported $0.12 EPS for the quarter. The business had revenue of $2.25 million for the quarter. U.S. Global Investors had a negative net margin of 3.95% and a negative return on equity of 0.71%.

U.S. Global Investors Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be issued a $0.0075 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, December 15th. U.S. Global Investors’s payout ratio is 150.00%.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.